India's NSE, Japan's JPX aim to launch Nifty futures trading in Osaka

Reuters Staff

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MUMBAI, Jan 10 (Reuters) - India’s National Stock Exchange and Japan Exchange Group signed a letter of intent to lay the groundwork for the launch of yen-denominated Nifty index futures trading on the Osaka Securities Exchange, the bourse operators said in a statement on Thursday.

The two exchanges will make preparations for the listing of S&P CNX Nifty futures by March 2014, when OSE is expected to finish its derivatives markets integration with the Tokyo Stock Exchange, the statement said. (Reporting by Rafael Nam; Editing by Prateek Chatterjee)